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South Indian Bank

BSE:532218
Snowflake Description

Established dividend payer and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
532218
BSE
₹30B
Market Cap
  1. Home
  2. IN
  3. Banks
Company description

The South Indian Bank Limited provides banking products and services in India. The last earnings update was 95 days ago. More info.


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532218 Share Price and Events
7 Day Returns
-6.6%
BSE:532218
-3.2%
IN Banks
-1.9%
IN Market
1 Year Returns
-37.5%
BSE:532218
11.5%
IN Banks
-2.8%
IN Market
532218 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
South Indian Bank (532218) -6.6% 4.5% 18.8% -37.5% -9.9% -28.7%
IN Banks -3.2% 0.3% 7.7% 11.5% 44.1% 53.5%
IN Market -1.9% 1.2% 5.1% -2.8% 38.3% 71%
1 Year Return vs Industry and Market
  • 532218 underperformed the Banks industry which returned 11.5% over the past year.
  • 532218 underperformed the Market in India which returned -2.8% over the past year.
Price Volatility
532218
Industry
5yr Volatility vs Market
Related Companies

532218 Value

 Is South Indian Bank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of South Indian Bank to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for South Indian Bank.

BSE:532218 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 9 analysts.
= Stable Book Value * Return on Equity
= ₹32.64 * 9.3%
₹3.04
Book Value of Equity per Share Weighted future Book Value estimates from 7 analysts. ₹32.64
Discount Rate (Cost of Equity) See below 16.4%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:532218
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.595 (1 + (1- 35%) (115.42%))
1.028
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.028 * 8.6%)
16.39%

Discounted Cash Flow Calculation for BSE:532218 using Excess Returns Model Model

The calculations below outline how an intrinsic value for South Indian Bank is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

BSE:532218 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.3% – 16.39%) * ₹32.64)
₹-2.31
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ₹-2.31 / (16.39% - 7.55%)
₹-26.12
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ₹32.64 + ₹-26.12
₹6.51
BSE:532218 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹6.51
Current discount Discount to share price of ₹16.40
= -1 x (₹16.40 - ₹6.51) / ₹6.51
-151.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of South Indian Bank is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for South Indian Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are South Indian Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:532218 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹1.62
BSE:532218 Share Price ** BSE (2019-04-24) in INR ₹16.4
India Banks Industry PE Ratio Median Figure of 19 Publicly-Listed Banks Companies 22.18x
India Market PE Ratio Median Figure of 2,739 Publicly-Listed Companies 16.02x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of South Indian Bank.

BSE:532218 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:532218 Share Price ÷ EPS (both in INR)

= 16.4 ÷ 1.62

10.15x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • South Indian Bank is good value based on earnings compared to the IN Banks industry average.
  • South Indian Bank is good value based on earnings compared to the India market.
Price based on expected Growth
Does South Indian Bank's expected growth come at a high price?
Raw Data
BSE:532218 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
36.5%per year
India Banks Industry PEG Ratio Median Figure of 18 Publicly-Listed Banks Companies 1.08x
India Market PEG Ratio Median Figure of 586 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

BSE:532218 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.15x ÷ 36.5%

0.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • South Indian Bank is good value based on expected growth next year.
Price based on value of assets
What value do investors place on South Indian Bank's assets?
Raw Data
BSE:532218 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹29.20
BSE:532218 Share Price * BSE (2019-04-24) in INR ₹16.4
India Banks Industry PB Ratio Median Figure of 40 Publicly-Listed Banks Companies 0.62x
India Market PB Ratio Median Figure of 3,630 Publicly-Listed Companies 1.09x
BSE:532218 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532218 Share Price ÷ Book Value per Share (both in INR)

= 16.4 ÷ 29.20

0.56x

* Primary Listing of South Indian Bank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • South Indian Bank is good value based on assets compared to the IN Banks industry average.
X
Value checks
We assess South Indian Bank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. South Indian Bank has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

532218 Future Performance

 How is South Indian Bank expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
36.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is South Indian Bank expected to grow at an attractive rate?
  • South Indian Bank's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • South Indian Bank's earnings growth is expected to exceed the India market average.
  • South Indian Bank's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:532218 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:532218 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 36.5%
BSE:532218 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 17.3%
India Banks Industry Earnings Growth Rate Market Cap Weighted Average 36.7%
India Banks Industry Revenue Growth Rate Market Cap Weighted Average 21.1%
India Market Earnings Growth Rate Market Cap Weighted Average 18.3%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:532218 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:532218 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 43,688 9,451 1
2021-03-31 37,910 6,225 6
2020-03-31 32,507 4,513 7
2019-03-31 27,999 2,725 7
BSE:532218 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 18,938 2,911
2018-09-30 19,045 3,223
2018-06-30 17,748 2,565
2018-03-31 18,219 -51,192 3,349
2017-12-31 17,111 2,963
2017-09-30 16,666 2,927
2017-06-30 17,994 3,989
2017-03-31 17,766 -84,402 3,925
2016-12-31 17,378 -48,721 3,899
2016-09-30 17,465 3,802
2016-06-30 17,258 3,630
2016-03-31 16,575 -36,989 3,333

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • South Indian Bank's earnings are expected to grow significantly at over 20% yearly.
  • South Indian Bank's revenue is expected to grow by 17.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:532218 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from South Indian Bank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532218 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 5.20 5.20 5.20 1.00
2021-03-31 3.38 4.10 2.40 5.00
2020-03-31 2.63 2.90 2.30 6.00
2019-03-31 1.48 1.70 1.20 6.00
BSE:532218 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 1.62
2018-09-30 1.77
2018-06-30 1.43
2018-03-31 1.86
2017-12-31 1.70
2017-09-30 1.70
2017-06-30 2.52
2017-03-31 2.61
2016-12-31 2.89
2016-09-30 2.82
2016-06-30 2.69
2016-03-31 2.47

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • South Indian Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess South Indian Bank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
South Indian Bank has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

532218 Past Performance

  How has South Indian Bank performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare South Indian Bank's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • South Indian Bank's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • South Indian Bank's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • South Indian Bank's 1-year earnings growth is negative, it can't be compared to the IN Banks industry average.
Earnings and Revenue History
South Indian Bank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from South Indian Bank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532218 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 18,938.09 2,911.22 11,413.70
2018-09-30 19,044.59 3,222.72 11,240.60
2018-06-30 17,747.89 2,564.62 10,958.60
2018-03-31 18,218.69 3,348.92 10,517.60
2017-12-31 17,111.49 2,963.35 10,018.87
2017-09-30 16,666.29 2,927.15 9,921.57
2017-06-30 17,993.69 3,989.15 9,916.67
2017-03-31 17,766.29 3,925.05 9,922.97
2016-12-31 17,377.79 3,899.26 9,968.60
2016-09-30 17,464.69 3,801.76 9,890.60
2016-06-30 17,258.09 3,630.36 10,002.10
2016-03-31 16,575.09 3,332.66 9,900.20
2015-12-31 14,483.65 2,766.24 11,598.57
2015-09-30 15,323.15 2,629.24 9,067.67
2015-06-30 14,464.95 2,458.44 8,629.77
2015-03-31 14,492.45 3,072.04 8,514.47
2014-12-31 15,509.08 4,154.77 8,471.37
2014-09-30 15,896.88 4,688.57 8,194.77
2014-06-30 16,392.48 5,193.07 8,078.97
2014-03-31 16,118.28 5,074.97 7,791.77
2013-12-31 15,358.81 5,367.32 7,362.01
2013-09-30 14,756.11 5,236.72 7,170.21
2013-06-30 14,166.01 4,940.72 6,951.31
2013-03-31 14,230.11 5,022.72 6,781.41
2012-12-31 14,207.18 4,703.96 6,068.87
2012-09-30 13,590.58 4,444.16 5,879.87
2012-06-30 13,002.48 4,422.06 5,742.47

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • South Indian Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • South Indian Bank used its assets less efficiently than the IN Banks industry average last year based on Return on Assets.
  • Unable to establish if South Indian Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess South Indian Bank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
South Indian Bank has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

532218 Health

 How is South Indian Bank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of South Indian Bank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from South Indian Bank Company Filings, last reported 3 months ago.

BSE:532218 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 52,516.10 34,360.50 32,655.10
2018-09-30 52,516.10 34,360.50 32,655.10
2018-06-30 52,431.74 40,433.80 12,822.06
2018-03-31 52,431.74 40,433.80 12,822.06
2017-12-31 49,804.70 21,157.70 30,563.70
2017-09-30 49,804.70 21,157.70 30,563.70
2017-06-30 48,484.90 19,577.57 12,724.34
2017-03-31 48,484.90 19,577.57 12,724.34
2016-12-31 42,796.80 22,054.80 19,588.90
2016-09-30 41,659.80 14,990.20 28,321.70
2016-06-30 38,455.83 23,149.56 9,277.69
2016-03-31 38,455.83 26,149.56 11,027.69
2015-12-31
2015-09-30 37,513.70 21,704.90 23,656.50
2015-06-30 35,917.87 22,324.75 14,521.72
2015-03-31 35,917.87 22,324.75 14,521.72
2014-12-31 35,698.80 21,508.30 20,664.00
2014-09-30 35,698.80 21,508.30 20,664.00
2014-06-30 33,703.51 27,307.77 12,819.61
2014-03-31 33,703.51 27,307.77 12,819.61
2013-12-31 32,480.50 24,222.10 21,185.80
2013-09-30 32,480.50 24,222.10 21,185.80
2013-06-30 30,062.17 12,845.55 28,771.68
2013-03-31 30,062.17 12,845.55 28,771.68
2012-12-31
2012-09-30
2012-06-30 21,703.98 5,881.92 12,606.40
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • South Indian Bank has an acceptable proportion of non-loan assets held.
  • South Indian Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at South Indian Bank are broadly funded by customer deposits.
  • South Indian Bank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Unable to establish if South Indian Bank has a sufficient allowance for bad loans without relevant financial data.
  • South Indian Bank has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess South Indian Bank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. South Indian Bank has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

532218 Dividends

 What is South Indian Bank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.44%
Current annual income from South Indian Bank dividends. Estimated to be 3.48% next year.
If you bought ₹2,000 of South Indian Bank shares you are expected to receive ₹49 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • South Indian Bank's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.51%).
  • South Indian Bank's dividend is above the markets top 25% of dividend payers in India (1.95%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:532218 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
India Banks Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 0.5%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:532218 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 0.80 1.00
2021-03-31 0.60 6.00
2020-03-31 0.51 7.00
2019-03-31 0.53 6.00
BSE:532218 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-06-12 0.400 2.501
2018-05-14 0.400 1.613
2017-06-14 0.400 1.399
2017-06-07 0.400 1.411
2017-05-15 0.400 1.497
2016-06-08 0.500 2.293
2016-05-11 0.500 2.672
2015-06-11 0.600 2.989
2015-05-05 0.600 2.520
2014-06-12 0.800 2.894
2014-04-25 0.800 3.075
2013-05-06 0.700 3.250
2012-07-18 0.600 2.483
2011-08-17 0.500 2.170
2010-05-13 0.400 1.851
2010-04-30 0.400 2.674
2009-06-01 0.300 2.364
2009-05-04 0.300 4.019

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of South Indian Bank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (6.3x coverage).
X
Income/ dividend checks
We assess South Indian Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can South Indian Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. South Indian Bank has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

532218 Management

 What is the CEO of South Indian Bank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
V. Mathew
COMPENSATION ₹12,884,934
AGE 65
TENURE AS CEO 4.5 years
CEO Bio

Mr. V. G. Mathew M.Sc., CAIIB, has been Managing Director, Chief Executive Officer and Executive Director of The South Indian Bank Ltd. since October 1, 2014. Mr. Mathew served as Chief General Manager of Corporate Accounts Group at State Bank of India. He served as Executive Vice President of The South Indian Bank Ltd. since January 2014. Mr. Mathew holds bachelor's degree and a master's in science from the University of Kerala Additionally, he is a certified associate of the Indian Institute of Bankers.

CEO Compensation
  • V.'s compensation has been consistent with company performance over the past year.
  • V.'s remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the South Indian Bank management team in years:

2
Average Tenure
59
Average Age
  • The tenure for the South Indian Bank management team is about average.
Management Team

V. Mathew

TITLE
MD, CEO & Director
COMPENSATION
₹13M
AGE
65
TENURE
4.5 yrs

Joseph Thomas

TITLE
Executive Vice President of Operations
COMPENSATION
₹2M
AGE
58
TENURE
1.7 yrs

T. Raphael

TITLE
CGM & Chief Information Officer
COMPENSATION
₹3M
AGE
57

Anto George

TITLE
GM & Chief of Internal Vigilance
COMPENSATION
₹2M

G. Sivakumar

TITLE
Executive Vice President of Credit
AGE
62
TENURE
3.3 yrs

Biju Punnachalil

TITLE
Chief Risk Officer & Deputy GM
COMPENSATION
₹2M
TENURE
2 yrs

Jimmy Mathew

TITLE
Deputy GM & Company Secretary
COMPENSATION
₹2M

K. Reghunathan

TITLE
Executive Vice President of Treasury
AGE
60
TENURE
3.3 yrs

H. Chithra

TITLE
Joint GM & Chief Financial Officer
AGE
50
TENURE
0.6 yrs

P. Sibi

TITLE
Deputy GM & Chief Compliance Officer
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the South Indian Bank board of directors in years:

3.4
Average Tenure
65
Average Age
  • The tenure for the South Indian Bank board of directors is about average.
Board of Directors

Salim Gangadharan

TITLE
Non- Executive Part- Time Chairman
COMPENSATION
₹2M
AGE
65
TENURE
2.4 yrs

V. Mathew

TITLE
MD, CEO & Director
COMPENSATION
₹13M
AGE
65
TENURE
4.6 yrs

John Alapatt

TITLE
Non-Executive Independent Director
COMPENSATION
₹1M
AGE
65
TENURE
6.6 yrs

Francis Alapatt Palathingal A. Francis

TITLE
Non-Executive Independent Director
COMPENSATION
₹810K
AGE
66
TENURE
5.4 yrs

Achal Gupta

TITLE
Non-Executive Director
COMPENSATION
₹1M
AGE
65
TENURE
2.3 yrs

V. Kurian

TITLE
Non–Executive Independent Director
COMPENSATION
₹40K
AGE
62
TENURE
1.1 yrs

M. Korah

TITLE
Additional Independent Director
AGE
58
TENURE
0.7 yrs

Ranjana Salgaocar

TITLE
Non-Executive Independent Director
COMPENSATION
₹915K
AGE
63
TENURE
4.5 yrs

Parayil John Tharakan

TITLE
Non-Executive Independent Director
COMPENSATION
₹865K
AGE
57
TENURE
4.4 yrs

Pradeep Godbole

TITLE
Additional Director
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess South Indian Bank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. South Indian Bank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

532218 News

Simply Wall St News

532218 Company Info

Description

The South Indian Bank Limited provides banking products and services in India. The company operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments. Its personal banking products and services include savings accounts, term deposits, and unclaimed deposits/inoperative accounts; personal, vehicle, home, gold, educational, property, and other loans, as well as one time settlement scheme for micro and small enterprises sector; and mutual funds. The company also offers insurance products, such as life insurance, health insurance, and various credit risk insurance, as well as general insurance products, such as fire, liability, marine, motor, medi claim, and travel insurance products. In addition, it offers money transfer services; various cards; and value added services consisting of SIB rewards, education fee collection, SIB pure gold, sovereign gold bonds, ATM cum shopping card, mobile and Internet banking, demat, pension system, online trading, SIB collect, PAN service agency, cash management, SIB travel card, tax payment, tax savings investments, direct debit, and safe deposit locker services, as well as distributes capital gain bonds and tax free bonds. Further, the company’s NRI banking services comprise NRE and NRO rupee accounts, and foreign currency deposits, as well as personal, home, car, property, SIB décor, and education loans; and portfolio investment schemes. Additionally, its business banking services consist of normal and premium accounts, and trader smart current account; working capital, long term, non-fund based, supply chain, and international finance; overdrafts against property; and merchant acquiring services. The company has a network of 854 branches, 55 extension counters, and 1,331 ATMs. The South Indian Bank Limited was incorporated in 1929 and is headquartered in Thrissur, India.

Details
Name: The South Indian Bank Limited
532218
Exchange: BSE
Founded: 1929
₹29,769,271,383
1,809,682,151
Website: http://www.southindianbank.com
Address: The South Indian Bank Limited
SIB House,
Mission Quarters,
Thrissur,
Kerala, 680001,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532218 Equity Shares Mumbai Stock Exchange IN INR 14. Dec 1998
NSEI SOUTHBANK Equity Shares National Stock Exchange of India IN INR 14. Dec 1998
Number of employees
Current staff
Staff numbers
7,820
South Indian Bank employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 12:38
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2019/04/16
Last earnings filing: 2019/01/19
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.